UNIVEST FINANCIAL Corp Takes Position in D.R. Horton, Inc. $DHI

UNIVEST FINANCIAL Corp bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,447 shares of the construction company’s stock, valued at approximately $724,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in D.R. Horton during the 2nd quarter valued at $4,067,842,000. Pallas Capital Advisors LLC bought a new stake in shares of D.R. Horton in the second quarter worth $681,000. Deutsche Bank AG purchased a new stake in D.R. Horton during the second quarter valued at $201,077,000. Perigon Wealth Management LLC bought a new position in D.R. Horton in the second quarter valued at about $588,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in D.R. Horton in the second quarter valued at about $103,847,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DHI. Barclays boosted their price target on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Truist Financial boosted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Down 0.3%

NYSE DHI opened at $148.36 on Tuesday. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $41.50 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The stock’s 50-day moving average price is $152.05 and its 200-day moving average price is $149.79.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $3.36 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is presently 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.